Deltec Asset Management LLC bought a new stake in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $502,000.
Separately, Tuttle Capital Management LLC purchased a new stake in Malacca Straits Acquisition during the fourth quarter worth about $401,000.
Malacca Straits Acquisition Stock Down 0.2 %
Shares of MLACU stock opened at $10.17 on Wednesday. Malacca Straits Acquisition Company Limited has a 52 week low of $10.00 and a 52 week high of $10.19. The firm’s 50-day simple moving average is $10.18 and its two-hundred day simple moving average is $10.45.
Malacca Straits Acquisition Profile
Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries.
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